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Dow Jones Futures: Fed Rate Hike extends stock market correction; Look at PayPal, Atlassian

Dow Jones terminals rose moderately late Wednesday along with S & P 500 futures and Nasdaq futures. The Dow Jones, the S & P 500 Index and the Nasdaq Association downgraded Wednesday to 2018 following the latest Fed interest rate hikes and policy makers' intention for two further Fed interest rate hikes in 2019. Of course, the stock market did not like the Fed moves, and it's a fair venture here President Donald Trump will intensify his criticism. But do not try to find out why the Fed acted hawkishly or even why the stock market reacted so negatively. With the stock market correction in case of new downturns, investors should be in cash and keep their powder dry. But keep track of the leading stocks that work well, such as PayPal (PYPL), Atlassian (TEAM) and Mellanox Technologies (MLNX). Dow Jones Futures Today Dow Jones Futures was 0.3% above fair value. The S & P 500 futures climbed 0.2%. Nasdaq 1 00 futures increased by 0.3%. This is just a spin of Wednesday's big losses and a blip for the current stock market correction. Keep in mind that overnight at Dow Futures and elsewhere does not necessarily translate into real-life trading in the next regular session. Fed Rate Hike Outlook Spikes Stock Market Rally Wednesday's Fed Rate Hike was expected, but there was some hope that Fed would manage or ease asset sales. The real stunner was the central bank's signal for another two Fed interest rate hikes in 2019.…

Dow Jones terminals rose moderately late Wednesday along with S & P 500 futures and Nasdaq futures. The Dow Jones, the S & P 500 Index and the Nasdaq Association downgraded Wednesday to 2018 following the latest Fed interest rate hikes and policy makers’ intention for two further Fed interest rate hikes in 2019. Of course, the stock market did not like the Fed moves, and it’s a fair venture here President Donald Trump will intensify his criticism. But do not try to find out why the Fed acted hawkishly or even why the stock market reacted so negatively. With the stock market correction in case of new downturns, investors should be in cash and keep their powder dry. But keep track of the leading stocks that work well, such as PayPal (PYPL), Atlassian (TEAM) and Mellanox Technologies (MLNX). Dow Jones Futures Today

Dow Jones Futures was 0.3% above fair value. The S & P 500 futures climbed 0.2%. Nasdaq 1

00 futures increased by 0.3%. This is just a spin of Wednesday’s big losses and a blip for the current stock market correction. Keep in mind that overnight at Dow Futures and elsewhere does not necessarily translate into real-life trading in the next regular session.

Fed Rate Hike Outlook Spikes Stock Market Rally

Wednesday’s Fed Rate Hike was expected, but there was some hope that Fed would manage or ease asset sales. The real stunner was the central bank’s signal for another two Fed interest rate hikes in 2019. It is under earlier forecasts for three Fed interest rate hikes, but the markets have not priced any increases for next year.

Dow Jones, S & P 500 Index and Nasdaq Composite are reversed from solid intraday gains to undergo their 2018 downturns. The index Dow Jones and S & P 500 fell by 1.5%, while the Nasdaq recovered 2.2%.

What should you do in a stock market correction

In a stock market correction, investors should keep sideways and avoid new purchases and maybe move entirely to cash. But stay engaged. Continue reading The Big Picture and Daily Stock Market Today Columns. When a new healthy market trend returns, you want to be ready to skip the best shares.

There are actually a number of leading stocks that are relatively good. IBD focuses on possible layers for urlists. Here are three only from Wednesday.

The software manufacturer Atlassian rose a bit on Wednesday and worked on his healthy bass. Atlassic stock is Wednesday’s entry for IBD 50 growth stocks to look at. It is one of many software stocks on the IBD 50 list.

PayPal stock fell 1.7% on Wednesday, but found support at 50-day and 200-day moving averages. PayPal, another IBD 50 stock, is covered by the latest IBD analysis. PayPal and Atlassian are also available on the IBD Leaderboard Watchlist.

Fabulous chip maker Mellanox Technologies is today’s IBD layer. Like the Atlassian store, the Mellanox store rose modestly within a bullish style, in this case a base-on-base formation.

Atlasic layers, PayPal stocks and Mellanox stocks have all relative forces located in or near record heights. T Relative Strength tracks a layer of performance compared to the S & P 500 Index

Keep in mind that just because these layers look great now there is no guarantee that they will come to continue

Apple (AAPL) was the coolest big technical stock in October and recalled its 50-day line on November 1st. But after a weak Apple

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